AVTOVAZ has given notice to 500 employees

AVTOVAZ has given notice to 500 employees

RNS – AVTOVAZ has given notice to 500 employees within the frame of the corporate pension programme, as told by a company representative to RNS. The notice applies to workers of pre-retirement age, who can benefit from this program only through a reduction procedure, the representative added.

AVTOVAZ has launched a new corporate pension programme in July. The programme proposes a fixed supplement of 5000 rubles to the pension of workers of retirement and pre-retirement age, in the event of early retirement for five years. The previous pension programme was implemented between Autumn 2016 and April 2017, which proposed a supplement to the pension depending on the length of service and the average salary for the past year.

AVTOVAZ had given notice to 740 employees, who were not engaged in main production activities, in February. The new notice applies to an additional number of 500 employees, as specified by the company representative.

Tags: Avtovaz